There was a bailout proposal ready to send to the President yesterday afternoon. Then McCain showed up, GOP infighting commenced, and the bailout proposal died. The Democrats -- historically bitches in the face of this administration -- should use this opportunity to railroad the Republicans into accepting their ideal proposal, says Matt Yglesias:
If conservatives won’t play ball, I think the smart move for progressives on the Hill is to come back to Bush and Paulson with a much less palatable plan — huge stimulus, big tax hikes on super-high earners, mortgage cramdowns, etc. Let Bush either cave 100 percent to a Nancy Pelosi dream deal or else let Bush bring McCain and John Boehner to the table. There’s no reason for progressives to be making concessions to the Bush administration and the financial industry if they can’t even get their lackeys to back their own plan.
0 Comments:
Post a Comment